Listed by Colliers - Bakersfield, California
$2,862,540
Centennial Medical Building
Details
APN 004-041-11, 004-041-08, 004-041-09 and 004-041-12
Property Type Office
Sub Type Medical Office
Square Footage 15,817
Year Built 1969
Year Renovated 2004
Buildings 1
Stories 1
Lot Size (SqFt) 44,418
Zoning (C-C) Commercial Center
Multi-Tenant Medical Office Building with Owner/User Opportunity
Marketing description
Colliers International is pleased to present the opportunity to acquire Centennial Medical Building, a well maintained, single story 15,817 RSF medical office building located in the heart of downtown Bakersfield, CA. Offered at $2,862,540 ($190/SF), the asset represents an exceptional turnkey owner/user or investor opportunity located within walking distance of Dignity Health Mercy Hospital Downtown, with flexible suites, excess parking, and a surplus lot for expansion or additional parking. The property is offered substantially below replacement cost and provides immediate occupancy options plus potential income from leased suites.
Investment highlights
- Owner/User Opportunity: Ideal for a single medical practice or medical group seeking close proximity to Mercy Hospital and downtown medical community.
- Size & Layout: Approximately 15,817 RSF single story medical office with multiple exam rooms (many with sinks) and 6 separate suites ranging from ~1,000 SF to ~7,800 SF; suites may be combined.
- Versatile Use: Suited for medical clinic, clinical laboratory, counseling, professional office, or mixed medical/office uses.
- Parking & Expansion: Approximately 60 off street parking spaces on a ±44,418 SF site (exceeds code) plus substantial on street parking; extra lot included with room for additional parking or development.
- Location: Prominent downtown Bakersfield location with easy access to Highways 58 and 99 and immediate proximity to Mercy Hospital.
- Income Flexibility: Existing small-suite tenancy with short-term leases — buyer can occupy, lease portions for income, or reconfigure suites.
- Condition & Improvements: Building originally constructed in 1969; fully modernized with medical improvements in 2004 and subsequently updated. Meticulously maintained and operated.
- Pricing: Offered substantially below replacement cost at $190/SF.
Listing Contacts
Listed by Colliers - Bakersfield, California
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